Wednesday, October 21, 2020

Israel-Korea free trade agreement to stress tech cooperation

The Abraham Accords are already paying off big time! Two technological powerhouses like Israel and South Korea sign a free trade agreement! Let the good times begin!

"In the wake of Israel's normalization with the United Arab Emirates (UAE), there are also plans for trilateral Israel-South Korea-UAE cooperation in technology, biotechnology and agriculture. ... Following the agreement, excise taxes of about 7% on good imported from South Korea should be lifted. About 33% of cars sold in Israel are imported from South Korea."

Israel-Korea free trade agreement to stress tech cooperation - Globes The soon to be signed agreement was delayed because of Korean political concerns that have been removed by Israel-UAE normalization.

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